Yacktman Focused Fund suggests U-Haul’s self-storage business alone justifies its entire market capitalization.
U-Haul Holding Company (UHAL) closed at $51.55 on May 22, 2026, reflecting a 16.84% decline over the past year. The company’s $9.79 billion market capitalization may be entirely attributed to its self-storage segment, according to a Q1 2026 investor letter from Yacktman Focused Fund.
U-Haul does not disclose separate financials for its truck rental and self-storage businesses. However, the recent acquisition of National Storage Affiliates by Public Storage® provided a valuation benchmark, implying U-Haul’s storage operations underpin its market value.
Shares fell 1.96% over the past month, though the fund noted U-Haul’s long-term investment approach and cash flow management as key strengths.